Nok Air and Scoot get together to create a new Airline

Thailand’s Nok Air and Singapore’s Scoot plan to set up a new budget carrier in Bangkok amid growing demand for low-cost travel in the region.

The airline, will be called NokScoot and operate on medium and long-haul routes.

Both companies will make an initial joint investment of S$80m ($64m, £39m)

Nok Air, which is Thailand’s second-largest budget carrier, will own up to 51% of the venture.

Nok Air Chief Executive Officer Patee Sarasin said they were “excited” at expanding overseas.

“It has always been Nok’s goal to offer Thais more choice and more value, of which this venture is yet another example. We’re also excited at the opportunity to encourage more inbound tourists, to boost the Thai economy,” he said.